Ford is recalling more than 1.3 million vehicles mostly in North America to repair rear suspension and transmission control software problems. The largest recall covers more than 1.2 million Explorer SUVs from 2011 through 2017. Ford states a rear suspension toe link can break if the suspension relocates a lot. That can limit steering control. […]
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Renault-FCA merger idea remains good opportunity: France
The idea of a merger between Renault SA and Fiat Chrysler (FCA) remains a good opportunity, but nothing has changed in terms of the conditions the French government has set, French Finance Minister Bruno Le Maire stated on Monday. Le Maire made the comment in Tokyo, where he happened to visit after a weekend meeting […]
General Motors defends plan to sell Ohio plant to startup
General Motors Chief Executive Mary Barra on Wednesday defended the automaker’s plan to sell an assembly plant located in Ohio, arguing the plan to sell the plant to an electric vehicle start-up was carefully vetted and had a chance of success. Barra informed Reuters in a brief interview Wednesday after a number of meetings on […]
France is looking for a ‘reasonably favorably’ on Renault/Fiat deal
The French government is looking “reasonably favorably” on a proposed merger deal between Italian automaker Fiat and French peer Renault, stated government spokeswoman Sibeth Ndiaye on Monday. “It’s a project that we are looking on in a reasonably favorable light,” Ndiaye informed BFM TV. “Of course we have to look at the conditions under that […]
Government of Italy might ask for symmetry with Paris in FCA-Renault merger
Italian government is going to defend national interest in the FCA- Renault merger and might look for a stake in the new international automaker to match French state holdings, a major League ruling party lawmaker said on Monday. Fiat Chrysler has made a “transformative merger” proposal to Renault, the Italian automaker stated, in a deal […]
Most new vehicles to get over-the-air upgrade tech by 2023, says General Motors
General Motors stated on Monday that majority of its global models will be capable of over-the-air software upgrades by 2023, as GM presents new vehicle electrical systems aimed to securely handle heavy data traffic and software downloads from the internet. General Motors and other established auto companies have been not that quick to catch up […]
Ford to build more Lincolns for Chinese market regionally
Ford Motor prepares to start production of new luxury Lincoln models in China for that sector as they are launched, beginning with the new Corsair later this year, to take advantage of lower costs and avoid the risk of tariffs, a top executive stated on Monday. “It’s a huge, huge opportunity for Lincoln because we […]
CEO Musk to evaluate all of Tesla’s expenses in new cost cutting plan
Tesla Inc Chief Executive Officer Elon Musk informed workers on Thursday that he will boost scrutiny of the company’s expenses in his recent initiative to slash costs at the electric automaker. Tesla earlier this month shut down at a $2.7 billion offering of stock and convertible notes, providing it much needed cash as it increases […]
Ford announces thousands of workers to be laid off
Ford workers were informed by letter on Monday that 500 salaried employees are getting laid off and will have to clean out their desks by the end of the week. And that’s just the first of a wave of layoffs in the country that is expected to impact 800 by the end of June and […]
GMC trucks to deploy an adaptive cruise control system
General Motors’s truck brand GMC stated on Friday its 2020 Sierra large pickup trucks are going to have an adaptive cruise control system, in a push to catch up with its competitors. Adaptive cruise control system permits trucks to automatically adjust speed to maintain a set distance behind the automobile ahead. It showcases a single […]
Ford Motor recalls 270,000 Fusion cars to fix a glitch
Glitch can cause the vehicles to roll away if the parking brake is not applied. Ford Motor stated Wednesday that it is recalling over 270,000 Fusion vehicles in North America to repair a transmission glitch that can lead the car to shift gears and roll away. The recall covers 2013-16 Fusion vehicles having 2.5-liter engines that […]
Tesla to upgrade battery software after car fires
Car fire in Hong Kong being the most recent. Tesla Inc is set to update its battery software following two recent fires involving it’s Model S electric vehicles in Shanghai and Hong Kong, the American electric automaker stated on Thursday, adding that investigations into the incidents are continued. “As we keep investigating, out of an […]
Error in JPMorgan loan to General Motors settles for $231 million
Lenders and hundreds of investors agreed to pay $231 million to put an end to their decade-long legal battle over a clerical error in a $1.5 billion loan to General Motors which was administered by JPMorgan Chase, according to court documents. The settlement payment will be an advantage to the unsecured creditors of General Motors’ […]
Ford prepares to take medical transport venture
Ford Motor prepares to broaden its GoRide medical transportation service to 40 cities in the US over the next four years, placing their projects into Ohio and Florida this year and other major states by 2020, the company stated on Tuesday. The automaker has been testing various methods to grow beyond its conventional business of […]
Tesla electric car catches fire in Hong Kong parking lot
A Tesla Inc electric car caught fire in a parking lot located in a Hong Kong shopping mall, the Apple Daily newspaper reported on Tuesday. No one was injured in the accident, and the cause was not immediately known. The electric car burst into flames 30 minutes after it was parked in the city’s San […]
